Archive for 'House & Home'

Hidden Costs of Buying or Selling

Hidden Costs of Buying or Selling

Written By Barry Lebow, President and Founder, Senior Housing Council, The Real Estate Academy Inc.

Do your research first.

It’s all gone like clock-work. You’ve been pre-approved for a mortgage, found the right home and know exactly what the future looks like. Or do you? Hidden costs could drive up the cost of a real estate transaction for both the buyer and the seller. The solution is to know what you’re getting into before you sign on the dotted line.

There is ...

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Single Ladies Buying Houses

Single Ladies Buying Houses

Courtesy of Kevin Saxon from Neighbourhood Dominion Lending.

It’s becoming increasingly apparent that a greater number of women are now taking the reins when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional single women – who are becoming independent homeowners. While many of them may be putting off marriage, they’re not waiting around for Mr Right before taking the plunge into homeownership.
It’s believed that around 20% of homebuyers in North America ...

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Minimizing Mortgage Costs

Minimizing Mortgage Costs

Courtesy of Alexandra Evans-Munoz from The Mortgage Centre.

The following strategies will help you to minimize the amount of interest you pay and the number of years you hold your mortgage.

Increase your payment amount

It may take some adjusting to work into your budget, but increasing your monthly payment amount can save you thousands of dollars in interest over the duration of your mortgage and reduce the life of your mortgage for several years. For example, suppose you have a 5- ...

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Real Estate for the 50 Plus

Real Estate for the 50 Plus

Courtesy of Gwen Price from Royal LePage North Heritage Realty, Brokerage.

Over the age of 50 and considering selling the family home?

You need a REALTOR® with senior experience, knowledge and marketing savvy.

Those qualities, along with a special knowledge of managing the sale of a home for those over the age of 50, are what SRES® designees can bring to your next real estate transaction.

SRES® designees are certified senior specialists and astute to the financial and emotional challenges ...

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There’s No Way I Can Downsize

There’s No Way I Can Downsize

Courtesy of Gordon’s Estate Services. Downsizing or making a major move can be overwhelming. There is so much to think about:  the sale of your home, organizing finances, cleaning, sorting, packing and sometimes most importantly, choosing what to take with you. Despite everything that needs to be managed, the number one concern time and time again is, “what will happen to my things?”

Everyone tends to collect things over the course of their life. If you are moving from your ...

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Find the Right Real Estate Agent

Find the Right Real Estate Agent

Courtesy of Adele Paletta from Royal LePage Realty Plus.

Working with the right real estate agent will mean a great deal in the long run, whether you are buying or selling a home. There are many agents to choose from, but you need to find an agent you have a rapport with. You need to know that your real estate agent is dependable, trustworthy, honest and working for your best interest and not their own. You need to choose a ...

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Types of Mortgages

Types of Mortgages

Courtesy of Alexandra Evans-Munoz from The Mortgage Centre.

What Kind of Mortgage Do You Have?

There are two ways in which a lender registers a mortgage loan when your home is used as the security: as a mortgage charge or as collateral charge. Mortgage charges are registered at the Land Registry Office, can be registered, transferred or discharged. This means that if you want to transfer your mortgage to another lender at renewal, you can do so and the ...

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Seniors and Housing

Seniors and Housing

Courtesy of Adele Paletta from Royal LePage Realty Plus.

Seniors have a unique need in housing related to changes that occur with age. Some of these changes may be a normal part of healthy aging, while others may be related to unhealthy aging.

Chronic conditions and physical limitations can effect their safety in their own home. Housing for seniors must take into consideration the need for safety, health care, physical activity, and social interaction. All these needs change with age and ...

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The Right Professional for the Right Job

The Right Professional for the Right Job

By Barry Lebow

When it’s time to sell your house, you wouldn’t hand the job to a doctor or an accountant or an engineer. Chances are you’d pick a Realtor: someone, perhaps, who comes highly recommended by your friends or relatives; someone who knows his subject and your neighbourhood; someone with strong negotiating skills; someone trustworthy. In other words, a real estate professional.

“Real estate agent” and “professional” in the same sentence. Who are we kidding? But the truth of the matter ...

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Top Five Reasons to Use a Home Stager

Top Five Reasons to Use a Home Stager

Courtesy of Karen Sylvain from Sylk Home Staging & Re-Design.

Preparing to sell a home is stressful at the best of times. When you are going through a difficult transition, dealing with the death of a spouse, parent or loved one, it can be overwhelming.

Home staging is a process to help you prepare the home for sale to get it sold quickly and for the most money possible.

Here are the TOP 5 REASONS to Professionally Stage Your Home prior to ...

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